Money manager for freelancers Flow lands Dutch PSD2 licence
The idea for Flow originated on an alpaca farm in Drenthe.
Europe
VTB Bank launches “robot factory”
It plans to introduce 60 digital employees by 2021 & 250 digital employees by the end of 2022.
Latvian regulator fines Signet Bank €906k for AML issues
FCMC fines Latvian private bank after on-site inspections.
Faroe Islands speed up ecommerce with Clearhaus and Terminal.fo
The Faroe Islands are “experiencing a boom in the number of online businesses”.
FCA confirms post-Brexit cooperation deals with EU regulators
UK watchdog says agreements remain “relevant and appropriate”.
From open banking to open finance
It’s only in 2020 that we see the quality, reliability, and range of APIs connecting to accounts that realise the regulators’ vision.
Report: Shareholder Rights Directive (SHRD) – the impact on securities processing
Creating an attractive environment for shareholders of exchange-listed companies in the EU and improving their corporate governance.
Deutsche Bank snags Wirecard exec Kilian Thalhammer
Thalhammer will be joining Deutsche Bank in October to oversee its Merchant Solutions arm.
UK savings app Moneybox lands £30m, plans crowdfund
Moneybox has raised £50 million since 2016.
FCA and City of London to create COVID-19 inspired digital sandbox
The sandbox will be for both start-ups and “large financial institutions”.
Hummingbird raises $8.2m led by Flourish Ventures
Flourish Ventures led the round, with new support from Stripe alumni Lachy Groom and Jon Zieger.
Italy’s Banca Mediolanum launches sustainable challenger Flowe
The bank currently employees a team of 56.
Swiss digital asset tech partner Metaco lands $17m Series A
Investor Standard Chartered says “digital assets are here to stay”.
Non-profit Fair for You lands £7.5m to take on credit sector
Seven social investors took part.
Tink continues acquisition play with credit decisioning platform Instantor
Instantor employees a team of 26.
FreedomPay partners with Barclaycard
FreedomPay activates its Commerce Platform solution for Barclaycard customers.
Banca Ifis breaks into Germany with Raisin partnership
Raisin to power cross-border finance for Italian firm.
Five Spanish banks complete blockchain POC for interbank payments
The platform has programmed more than 20,000 instant credit transfers.
Meet OneBanks: the fintech picking up after banks’ branch closures
The start-up wants to create a bank-agnostic branch network.
Monzo takes another shot at paid current accounts
The paid-for current account is priced at £5 a month.
State-backed green bank to land in UK to hit country’s climate goals
The government sold its original green bank in 2017.
Monese and Paysafe sign digital banking partnership
Monese customers are able to use Paysafecash with their accounts.
Currencycloud nabs e-money licence from Dutch central bank
The London-headquartered firm secures post-Brexit future.
Islamic P2P lender Qardus launches in UK for SMEs
The new P2P lender offers unsecured loans of up to £100,000.
Privatbank’s CEO talks turmoils and turnarounds
In 2019, the bank’s net profits jumped by 2.5 times.
Russia’s VTB opens third round of start-up accelerator
VTB is looking for new retail and corporate solutions.
Barclays launches robo-advisor for £5k investments with Scalable
The service is called ‘Barclays Plan & Invest’.
B-North boosts risk assessment with Wiserfunding deal
SME challenger picks Wiserfunding to support its risk grading.
Co-operative Bank’s digital arm Smile goes down for days
Smile has around 100,000 customers.
Viva Wallet selects ClearBank as UK banking provider
Viva Wallet bought a Greek neobank back in January.
The changing landscape of banking
Choosing the right partnerships is critical to success and the right banking technology partner is crucial.
Ask the expert: how can I convince a prospect’s finance team to work with us?
The question is, how do you persuade them to sign a partnership?
Metro Bank snaps up former Co-operative chief risk officer
Richard Lees will join Metro after four years at his current employer.
Lloyds partners with Swedish fintech to offer subscription management
The bank is currently in pilot stage.
Savings app for first-time house buyers Nude is raising £3.5m
The start-up is applying for a UK banking licence.
LemonTree Software aims to disrupt back and middle-office systems
Its CCO speaks to FinTech Futures about the firm’s one-platform and auto-code approach.
Major Dutch banks launch AML joint venture
Rabobank, ING, ABN Amro, Triodos Bank, and de Volksbank make AML move.
Web browser Opera to buy digital challenger Fjord Bank
In December 2019, the digital challenger landed a specialised bank licence.
ING appoints ex-Google and Confused.com exec as Yolt CEO
Weng Kan led Google’s attempt to edge into the insurance market in 2015.
Lithuania’s central bank launches e-shop for digital collector coins
Some 4,000 digital LBCOINs will go on sale via the bank’s e-shop from 23 July.
